Kroll Bond Rating Agency Assigns AA Long-Term Rating with a Stable Outlook to City of Los Angeles, California General Obligation Bonds Series 2017-A (Taxable) and the General Obligation Refunding Bonds Series 2017-B (Tax-Exempt)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA with a Stable outlook on General Obligation Bonds Series 2017-A (Taxable) and the General Obligation Refunding Bonds Series 2017-B (Tax-Exempt) for the City of Los Angeles. KBRA has also affirmed the AA rating and Stable Outlook on the City of Los Angeles’ outstanding general obligation (G.O.) bonds. This rating applies to all of the City’s outstanding general obligation bonds except for bonds backe